How Late Can I Contribute Money in HSA for 2019?

If you're wondering about the deadline for contributing money to your Health Savings Account (HSA) for the year 2019, you're in the right place. It's important to maximize your HSA contributions to enjoy the tax benefits it offers. Here's what you need to know.

The deadline for contributing money to your HSA for the tax year 2019 is usually the tax filing deadline for that year, which is typically April 15 of the following year. However, there are a few exceptions to consider:

• If you file for a tax extension, you have until the extension deadline to make contributions to your HSA.
• If your employer allows it, you may be able to make contributions via payroll deductions up until the end of the year.

Remember that the contribution limits for HSAs vary depending on whether you have individual or family coverage. For 2019, the contribution limit for individuals was $3,500, and for families, it was $7,000. If you're over the age of 55, you can make an additional catch-up contribution of $1,000.

Contributing to your HSA not only helps you save on taxes but also allows you to build a fund for future medical expenses. It's a smart way to plan for healthcare costs and secure your financial health.

If you're still curious about the deadline for contributing to your Health Savings Account (HSA) for 2019, let me clarify that it's crucial to stay informed in order to maximize your savings and tax benefits. The standard deadline for HSA contributions aligns with the tax filing deadline, which is usually April 15th of the following year, but there are certain nuances to keep in mind for your financial planning.